VAT Update on Associated Newspapers case – treatment of vouchers

By   24 April 2017

Two months ago the Court of Appeal mainly ruled in favour of Associated Newspapers on the treatment of vouchers.  Commentary and links here

The decision consequently cast doubt on HMRC’s published guidance on the VAT treatment of vouchers.

HMRC have announced that they are seeking leave to appeal to the Supreme Court.  Although this further delays definitive rules on vouchers, it is hoped that if it goes to the Supreme Court we will get some sort of closure on this matter.